Instructions for Form 1099-DIV - Introductory Material

Future Developments

For the latest information about developments related to Form 1099-DIV and its instructions, such as legislation enacted after
they were published, go to www.irs.gov/form1099div.

What's New

FATCA filing requirements of certain foreign financial institutions (FFIs).
Beginning in 2014, an FFI with a chapter 4 requirement to report a U.S. account maintained by the FFI that is held
by a specified U.S. person may satisfy this requirement by reporting on Form(s) 1099 under the election described in Regulations
section 1.1471-4(d)(5)(i)(A). Additionally, a U.S. payor may satisfy its chapter 4 requirement to report such a U.S. account
by reporting on Form(s) 1099. See Regulations section 1.1471-4(d)(2)(iii)(A). Form 1099-DIV is among the Forms 1099 used for
such purpose. A new check box was added to Form 1099-DIV to identify an FFI filing this form to satisfy its chapter 4 reporting
requirement.

Reminder

In addition to these specific instructions, you should also use the 2015 General Instructions for Certain Information Returns.
Those general instructions include information about the following topics.

Who must file (nominee/middleman; certain FFIs and U.S. payors that report on Form(s) 1099 to satisfy their chapter 4 reporting
requirements).

When and where to file.

Electronic reporting requirements.

Corrected and void returns.

Statements to recipients.

Taxpayer identification numbers.

Backup withholding.

Penalties.

The definitions of terms applicable for chapter 4 purposes that are referenced in these instructions.